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Invesco DB Agriculture Fund

DBA
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 05 2007
Expense Ratio
0.91%
Type
Global Commodities & Metals
Fund Owner
Invesco
Volume (1m avg. daily)
$17,733,056
AUM
$982,846,793
Associated Index
Deutsche Bank Liquid Commodity Index Diversified Agriculture
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
21.78%
B 0 03/02/23
United States Treasury Bill
21.40%
CLTL
Invesco Capital Management LLC - Invesco Treasury Collateral ETF
4.50%
B 0 03/09/23
United States Treasury Bill
2.52%
n/a
Cash/Receivables/Payables
0.00%
Invest with DBA

What is DBA?

The Invesco DB Agriculture Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Diversified Agriculture Index Excess Return, (DBIQ Diversified Agriculture Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities. You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

ETFs related toDBA

ETFs correlated to DBA include CORN, WEAT, SOYB

DBA
Invesco DB Multi-Sector Commodity Trust - Invesco DB Agriculture Fund
CORN
Teucrium Trading, LLC - Teucrium Corn Fund
WEAT
Teucrium Trading, LLC - Teucrium Wheat Fund
SOYB
Teucrium Trading, LLC - Teucrium Soybean Fund
CMDY
BlackRock Institutional Trust Company N.A. - iShares Bloomberg Roll Select Commodity Strategy ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
COMB
GraniteShares Gold Trust - GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDBA

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with DBA using Composer

FAQ

DBA is a Global Commodities & Metals ETF. The Invesco DB Agriculture Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Diversified Agriculture Index Excess Return, (DBIQ Diversified Agriculture Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities. You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November.

The top holdings for DBA include Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class, United States Treasury Bill, and Invesco Capital Management LLC - Invesco Treasury Collateral ETF.

DBA has 20 total holdings.

DBA tracks the Deutsche Bank Liquid Commodity Index Diversified Agriculture.

No, DBA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DBA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DBA is 0.0256%. This is the percent change in the value of DBA over the most recent 1-month period. The 3-month return on DBA is 0.0034%. This is the percent change in the value of DBA over the most recent 3-month period.

The standard deviation of DBA for the past year is 0.1509%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DBA include NIB, CANE, and GRU.

ETFs correlated to DBA include CORN, WEAT, and SOYB.

ETFs that are inversely correlated to DBA include SCO, ERY, and DUG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.